India Ratings and Research has upgraded V2 Retail Limited's bank loan facilities to 'IND A'/Positive/'IND A1'. The upgrade reflects 60% year-on-year growth and store network expansion.
V2 Retail Limited appointed Mr. Manu Agarwal and Mr. Dinesh Malpani as Presidents of Buying & Merchandising and Operations respectively. Both appointments were effective August 13, 2026.
V2 Retail reported strong Q1 FY27 performance with 58% YoY revenue growth and 60% EBITDA growth, driven by aggressive store expansion and operational efficiency.
V2 Retail Limited successfully reached a milestone of 400 stores. The company reported adding 75 new stores on a net basis during the current financial year.